The French Financial Markets Authority (AMF) published its 2024 annual report, accompanied by remarks from its President Marie-Anne Barbat-Layani that set out three focus areas for the authority: continued international work on financial stability, advancing the European Savings and Investment Union, and strengthening investor protection and the fight against financial insecurity. On financial stability, the AMF pointed to recent episodes of heightened volatility linked to geopolitical tensions, noting the technical resilience shown by market infrastructures and financial institutions while emphasising the need for continued vigilance and international regulatory cooperation. On the Savings and Investment Union, it framed reducing fragmentation in European capital markets as necessary to meet financing needs tied to the digital and climate transitions and European defence, with priorities including mobilising European savings, establishing genuine EU-level supervision of capital markets to support simplification, and reviving securitisation. For investor protection, the AMF decided, through the International Organization of Securities Commissions, to open dialogue with major digital platforms to increase their responsibility in combating scams and fraudulent sites, and called for stronger legal powers, including a dedicated financial security law. The report also details 2024 supervisory and enforcement activity, including monitoring 13,204 collective investment schemes representing EUR 2,158bn in assets, registering three and authorising three crypto-asset service providers under the PACTE regime, opening 30 investigations and 56 inspections, publishing 12 settlements totalling EUR 2.39m and issuing 12 sanctions decisions totalling EUR 26.5m. It records 13,374 retail enquiries handled via Epargne Info Service, 1,969 mediation cases processed, and an average workforce of 516 full-time equivalents.

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